AEI Corp changes name to Ascent Bridge, to fully acquire MTBL Global for $16.9 mil

Khairani Afifi Noordin
Khairani Afifi Noordin3/16/2022 07:13 PM GMT+08  • 3 min read
AEI Corp changes name to Ascent Bridge, to fully acquire MTBL Global for $16.9 mil
The name change is to better reflect the company’s focus on its new business.
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AEI Corp has received shareholders' approval to change its name to Ascent Bridge, following its extraordinary general meeting (EGM) held on March 3.

This is to better reflect the company’s focus on its new business, diversifying into the production, sale and distribution of food and beverages (F&B). The company had previously struggled with its aluminium parts business.

In the recent EGM, Ascent Bridge had also received shareholders' approval to acquire 100% shareholding interest in MTBL Global for an aggregate consideration of $16,965,000.

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